Sunday, September 20

CIMB bags six awards for cash management capabilities, digital banking initiatives

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CIMB Hong Kong branch chief executive David Lim receives the six awards on behalf of CIMB and CIMB Niaga at The Asset Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2018.

KUALA LUMPUR: CIMB Bank Bhd (CIMB) and PT Bank CIMB Niaga Tbk (CIMB Niaga) recently won a total of six awards at The Asset Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2018.

The awards are annual industry excellence recognitions for corporate treasury management, trade finance, supply chain and/or risk management.

CIMB in a press statement, said that it won the awards for Best in Treasury and Working Capital – SMEs (for second consecutive year), Best Service Provider for Cash Management and Best Cash Management Solution. PT Bank CIMB Niaga Tbk, on the other hand, won the awards for Best Service Provider for E-Solutions Partner (for second consecutive year); and two separate Best Cash Management Solution awards.

CIMB Group, Group Transaction Banking chief executive officer Hendra Lembong, said: “These awards are a testament to CIMB’s transaction banking leadership and strong commitment to deliver solutions that drive real value for our customers.

“As a leading Asean universal bank, our focus on developing cutting-edge digital propositions will also empower customers to grow their business regionally.

“We are humbled by these awards and thank our customers for their continued trust in CIMB.”

The Best Cash Management Solutions awards recognised CIMB’s extensive network in Malaysia and Indonesia, with innovative delivery systems and multiple collections tools, including cashless and straight-through-processing solutions. These have enabled clients to increase efficiency, save cost and improve cashflow. CIMB’s cash management solutions include Plug n Pay, mobile Point-of-Sale, and the Corporate Card Solutions.

The Best in Treasury and Working Capital – SMEs award recognised CIMB’s initiatives in empowering Malaysian SMEs with cash management and trade finance capabilities that significantly improve their treasury and working capital management.